Morgan Advanced Materials (LON:MGAM) Price Target Cut to GBX 265 by Analysts at Royal Bank of Canada

Morgan Advanced Materials (LON:MGAM) had its price objective lowered by Royal Bank of Canada from GBX 320 ($4.12) to GBX 265 ($3.42) in a research note released on Monday morning,Digital Look reports. Royal Bank of Canada currently has an outperform rating on the stock.

Separately, Citigroup raised their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the company a “buy” rating in a research report on Thursday, January 23rd.

Morgan Advanced Materials Stock Up 2.3 %

MGAM opened at GBX 220 ($2.84) on Monday. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. Morgan Advanced Materials has a 1-year low of GBX 198 ($2.55) and a 1-year high of GBX 347 ($4.47). The company has a market capitalization of £620.15 million, a PE ratio of 9.05, a PEG ratio of 0.51 and a beta of 1.34. The firm’s 50 day simple moving average is GBX 262.26 and its two-hundred day simple moving average is GBX 268.84.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.33) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. As a group, equities analysts forecast that Morgan Advanced Materials will post 32.5 EPS for the current year.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.